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March 19, 2025

USD TRY Stabilizes Around 39.00 as Political Tensions Rise in Turkey

USD TRY shows a slight retreat from its peak at 41.70, reached during European trading hours on Wednesday. Currently, the currency pair hovers around 38.70. The Turkish Lira has weakened significantly, influenced by escalating political risks within the country.

Investors are closely monitoring the situation, as political instability often affects currency performance. Many anticipate further fluctuations as the dynamics in Turkey evolve.

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